3 days Ago By ABMN Staff
Cipher Mining ( NASDAQ:CIFR – Free Report ) had its target price hoisted by BTIG Research from $6.00 to $9.00 in a research report released on Friday morning, Benzinga reports.
They currently have a buy rating on the stock. CIFR has been the topic of a number of other research reports. Northland Capmk upgraded Cipher Mining to a “strong-buy” rating in a report on Wednesday, September 25th.
Cantor Fitzgerald reiterated an “overweight” rating and issued a $9.00 target price on shares of Cipher Mining in a report on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $7.
50 target price on shares of Cipher Mining in a report on Friday, November 1st. Canaccord Genuity Group reiterated a “buy” rating and issued a $7.00 target price on shares of Cipher Mining in a report on Friday, November 1st.
Finally, Stifel Canada upgraded Cipher Mining to a “strong-buy” rating in a report on Tuesday, August 6th. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.
com, Cipher Mining currently has a consensus rating of “Buy” and an average price target of $7.72. Check Out Our Latest Stock Analysis on Cipher Mining Cipher Mining Price Performance Cipher Mining ( NASDAQ:CIFR – Get Free Report ) last posted its quarterly earnings data on Thursday, October 31st.
The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.
18). The company had revenue of $24.10 million for the quarter, compared to analyst estimates of $25.
84 million. Cipher Mining had a negative return on equity of 8.29% and a negative net margin of 33.
39%. During the same quarter in the previous year, the firm posted ($0.07) EPS.
On average, analysts predict that Cipher Mining will post -0.18 EPS for the current year. Insider Buying and Selling In other Cipher Mining news, COO Patrick Arthur Kelly sold 53,161 shares of the company’s stock in a transaction that occurred on Friday, November 8th.
The stock was sold at an average price of $7.16, for a total transaction of $380,632.76.
Following the completion of the sale, the chief operating officer now owns 664,270 shares of the company’s stock, valued at $4,756,173.20. This represents a 7.
41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Also, major shareholder Top Holdco B.
V. Bitfury sold 1,901,112 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $2.
74, for a total value of $5,209,046.88. Following the sale, the insider now directly owns 103,946,004 shares of the company’s stock, valued at $284,812,050.
96. The trade was a 1.80 % decrease in their position.
The disclosure for this sale can be found here . Over the last quarter, insiders have sold 7,296,839 shares of company stock worth $25,974,602. Insiders own 2.
25% of the company’s stock. Institutional Investors Weigh In On Cipher Mining A number of large investors have recently added to or reduced their stakes in CIFR. Amalgamated Bank boosted its position in shares of Cipher Mining by 321.
8% in the second quarter. Amalgamated Bank now owns 5,973 shares of the company’s stock valued at $25,000 after acquiring an additional 4,557 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Cipher Mining in the third quarter valued at approximately $33,000.
Janney Montgomery Scott LLC bought a new stake in shares of Cipher Mining in the first quarter valued at approximately $52,000. Xponance Inc. bought a new stake in shares of Cipher Mining in the second quarter valued at approximately $45,000.
Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Cipher Mining in the first quarter valued at approximately $59,000. Institutional investors own 12.
26% of the company’s stock. Cipher Mining Company Profile ( Get Free Report ) Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York.
Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V. Featured Stories Receive News & Ratings for Cipher Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cipher Mining and related companies with MarketBeat.
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